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First Financial Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
First Financial Bank Savings
0.01% APY

Overview

Our Rating: 4.3/5 How we calculated this rating

First Financial Bank was founded in 1889 with headquarters in Abilene, Texas. It owns assets totaling $7 billion as well as $6 billion in deposits, which makes it a large bank. First Financial Bank does not have the access to customer service other banks offer. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile apps. SmartAsset experts rated First Financial Bank 4.3 stars out of 5, suggesting it is a great choice and should warrant serious consideration. 

First Financial Bank offers a complete suite of banking products, which include savings accounts, checking accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. First Financial Bank has a fair savings rate, which means other popular banks have higher rates. Perfect for basic banking needs, First Financial Bank's most basic checking account does not carry a monthly fee. Using one bank for checking and savings can be perfect when you want to get the most return on your income while retaining convenient access to your funds.

Service Quality

First Financial Bank is a brick-and-mortar bank, with 76 total branches in Texas. With mobile and web apps, First Financial Bank makes mobile banking straightforward, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 7:00 p.m. CT; Saturday, 9:00 a.m. to 5:00 p.m. CT. 

First Financial Bank gets moderately high marks from customers for its mobile platform: with 580 ratings on Apple and Android platforms, the First Financial Bank mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). You can use First Financial Bank's mobile app to control your funds by looking at monthly statements, sending and receiving funds as well as reaching customer service. First Financial Bank gets an outstanding consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.01% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 0.70% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.00% APY
$500 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.10% APY $10,000 Compare Offers
Checking Accounts 0.01% APY $10,000 Compare Offers

First Financial Bank has several deposit products which include savings accounts, checking accounts and CDs, meaning you have many options to manage your money. First Financial Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Financial Bank's CD rates are competitive compared to the national average.

Rates

With a savings rate of 0.01%, First Financial Bank ranks below the mean compared to the average U.S. bank. First Financial Bank's CDs feature a rate of 0.70% and 1.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.10%. First Financial Bank has a fair savings rate, which means you can find higher rates with other banks. Consider taking a look at other banks for savings accounts.

Compare First Financial Bank to Other Competitive Offers

Fees

First Financial Bank charges customers extremely low fees compared to the national average. With no monthly fee, First Financial Bank is perfect for those who want a basic banking experience. 

Financial Health

First Financial Bank ranks as a large bank and manages $7 billion in assets and deposits totaling $6 billion. First Financial Bank's Texas Ratio is 2.20%, signifying an exceptionally low likelihood of failure. Additionally, First Financial Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a First Financial Bank Near Me

First Financial Bank has 76 physical branches across the U.S.

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